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Milestone Scientific Inc. reports developments tied to computerized drug delivery instruments for dental and medical applications. The company’s Dynamic Pressure Sensing technology supports pressure-guided injection and fluid-aspiration procedures, including dental anesthesia delivery through The Wand STA system and medical applications such as CompuFlo for controlled epidural injections.
Recurring news themes include financial results, business-update calls, commercialization programs, physician and dental-practice adoption, distributor and reimbursement infrastructure, international product registrations, disposable utilization, operating expense initiatives, and capital actions involving common stock and warrants.
Milestone Scientific Inc. (NYSE:MLSS) has expanded its international presence by signing new distribution agreements in Canada, Slovenia, and the UAE for its CompuFlo Epidural Instrument. The partnerships aim to enhance women's health by providing safer pain relief during childbirth. Additionally, increased usage of the device at a leading German hospital showcases rising interest and demand.
Milestone Scientific Inc. (NYSE: MLSS) announced its participation in the Fall Harvest - Best Ideas from the Buy-Side conference, running from October 5-8, 2021. CEO Arjan Haverhals will present on October 6, 2021, at 9:30 AM ET, with the presentation available for live streaming and replay. This virtual conference features 36 top investment ideas recommended by qualified institutional investors. Milestone Scientific specializes in computerized drug delivery instruments aimed at enhancing patient comfort and safety during injections.
Milestone Scientific (NYSE:MLSS) has announced that Memorial Regional Hospital in Florida has begun utilizing its CompuFlo Epidural Instrument. This approval allows Milestone to supply both the CompuFlo and CathCheck Verification System disposables across the Memorial Healthcare System network. This milestone follows significant due diligence and expands Milestone’s sales pipeline. Clinical data supports that these instruments enhance safety and efficiency in epidural procedures, potentially reducing complications and costs for healthcare providers.
Milestone Scientific (MLSS) reported a significant revenue increase of 1,329% for Q2 2021, totaling $2.4 million, driven by a recovery in the dental sector. Gross profit rose to $1.4 million, with a reduced operating loss of $(2.9) million compared to $(3.2) million in Q2 2020. The company noted a healthy balance sheet with approximately $16 million in cash. CEO Arjan Haverhals expressed optimism about growth prospects, driven by new sales initiatives and expanding the sales force and international distribution.
Milestone Scientific (NYSE American: MLSS) announced a conference call on August 16, 2021, at 11:00 A.M. ET to discuss its second-quarter financial results and corporate developments. The call can be accessed via phone or webcast. An audio replay will be available until August 30, 2021. Milestone Scientific specializes in innovative drug delivery technologies, particularly for painless injections using its proprietary DPS Dynamic Pressure Sensing technology® for various medical applications. For further details, visit their website.
Milestone Scientific Inc. (NYSE:MLSS) announced that the University of Texas Medical Branch (UTMB) Health Clear Lake Campus Hospital has begun utilizing the CompuFlo® Epidural Instrument. This development follows the successful implementation at the UTMB Health Galveston Campus. CEO Arjan Haverhals noted the growing interest in their technology and the positive feedback from anesthesiologists. Milestone's innovative technology aims to enhance the precision and comfort of injections, marking a significant step in their expansion within the UTMB Health network.
Milestone Scientific (NYSE: MLSS) announced the expansion of its medical sales team, appointing Chet Trechock as VP of Sales Medical. This move comes as the company sees increasing interest in its CompuFlo® Epidural Instrument and CathCheck™ System, driven by hospitals reopening to sales personnel. Milestone previously paused sales expansion during the pandemic to conserve capital but is now aggressively hiring, growing the sales team to 10 representatives. Trechock brings over 25 years of medical device sales experience, notably increasing annual sales for Flowonix Medical.
Milestone Scientific (NYSE: MLSS) has been invited to present at the virtual Summer Solstice – Best Ideas from the Buy-Side conference, scheduled for June 1-4, 2021. CEO Arjan Haverhals will present on June 2 at 2:00 PM ET and engage in one-on-one meetings with investors during the event. The presentation can be streamed live and is available for replay. The conference features top buy-side recommendations and aims to showcase innovative companies. Milestone specializes in advanced injection technologies aimed at painless and precise drug delivery.
Milestone Scientific (NYSE: MLSS) reported a robust 61% year-over-year revenue increase to $2.9 million for Q1 2021, aided by a 32% sequential rise from Q4 2020. As of March 31, 2021, the company maintained approximately $17 million in cash. Despite a gross profit margin decline to 62%, they reduced their operating loss to $1.0 million from $1.6 million in the prior year. The company continues to focus on expanding its medical product commercialization, particularly its CompuFlo Epidural System, viewing 2021 as pivotal for growth.
Milestone Scientific (NYSE: MLSS) announced significant leadership changes effective May 19, 2021. Jan Adriaan (Arjan) Haverhals was promoted to CEO, replacing Leonard Osser, who will serve as Vice Chairman of the Board. Scott Kahn was appointed as CFO, succeeding Joseph D’Agostino. Haverhals has been pivotal in sales and marketing strategies, while Kahn brings over 40 years of financial expertise from various sectors. The company aims to strengthen its position in the medical technology market, particularly in pain-free injection systems.